Agora's Nick van Eck bets on stablecoin boom in enterprise payments

Agora CEO Nick van Eck believes the stablecoin market is evolving beyond crypto-native trading toward real-world enterprise payments, such as payroll and cross-border transactions. While Agora's DeFi activity has driven growth, van Eck is prioritizing solving tangible business problems where stablecoins can replace costly, clunky legacy systems, potentially boosting corporate margins significantly. He notes that adoption by traditional firms is slow due to infrastructure unfamiliarity and knowledge gaps, estimating external stablecoin knowledge is far behind the crypto world. Agora issues its own USD-backed stablecoin, AUSD, but van Eck advises most entities to use major stablecoins unless they have a closed-loop ecosystem. He predicts consolidation onto a few major corporate chains (like Circle's Arc or Coinbase's Base) and aims for Agora to be a top-five global issuer by building tools that feel familiar to businesses, offering a better alternative to traditional bank accounts.

(Source：CoinDesk)